CHESTERBROOK, Pa. (AP) — AmerisourceBergen Corp. (ABC) on Thursday reported fiscal second-quarter profit of $411.5 million.
The Chesterbrook, Pennsylvania-based company said it had profit of $1.86 per share. Earnings, adjusted for one-time gains and costs, came to $1.77 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The prescription drug distributor posted revenue of $37.15 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $38.31 billion.
AmerisourceBergen expects full-year earnings in the range of $5.77 to $5.92 per share.
AmerisourceBergen shares have increased roughly 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 7 percent. The stock has dropped slightly more than 3 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
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